Reports: Saints, Brees Agree on Monster Contract

If the numbers are accurate, No. 9 won’t be leaving NOLA anytime soon. ESPN’s Chris Mortensen is reporting that the New Orleans Saints have finally reached an agreement with Drew Brees, and according to multiple NFL sources, it’s a whopper.

“Drew Brees and the New Orleans Saints have reached an agreement on a five-year, $100 million contract that all sides concur will guarantee Brees an NFL-record $60 million, including a first-year take in 2012 of $40 million, according to league, players union, and team sources.

“The accord was struck Friday morning in the latest round of negotiations between Saints general manager Mickey Loomis and Brees’s agent, Tom Condon.

“Brees had until Monday at 4 p.m. ET to reach a long-term contract with the Saints or his only option would have been to play in 2012 under the terms of his franchise tender of $16.371 million. But he had no plans to report to training camp without a long-term contract, sources said.”

This is a breaking news update. Check back frequently as more information becomes available.